Shares of information technology (IT) companies are in focus trading higher by up to 3% after Infosys has reported a better-than-expected October-December (Q3) quarter earnings.
Infosys, Tata Consultancy Services (TCS), HCL Technologies, Tech Mahindra, Wipro and MindTree are up 1-3% on the Bombay Stock Exchange (BSE).
The BSE IT index, the largest gainer among sectoral indices, was up 2.2% compared to 0.33% rise in benchmark S&P BSE Sensex at 1025 hours.
Infosys, the largest gainer among IT pack has rallied over 3% at Rs 3,567 after reporting a 19.4% quarter-on-quarter growth in consolidated net profit at Rs 2,875 crore for the quarter ended December 31 2013 (Q3). Analysts on an average had expected net profit of Rs 2,681 crore for the quarter.
The consolidated net revenues came in at Rs 13,026 crore, up 0.5% sequentially, the country’s second-largest software services provider said in a statement. Consolidated dollar revenue came in at $2,100 million.
Meanwhile, Infosys has raised the FY14 dollar revenue guidance to 11.5-12% from 9-10% earlier.
Among the other individual stocks, TCS and HCL Technologies are trading at their lifetime high, up 1% each Rs 2,268 and Rs 1,299 respectively.
Infosys, Tata Consultancy Services (TCS), HCL Technologies, Tech Mahindra, Wipro and MindTree are up 1-3% on the Bombay Stock Exchange (BSE).
The BSE IT index, the largest gainer among sectoral indices, was up 2.2% compared to 0.33% rise in benchmark S&P BSE Sensex at 1025 hours.
Infosys, the largest gainer among IT pack has rallied over 3% at Rs 3,567 after reporting a 19.4% quarter-on-quarter growth in consolidated net profit at Rs 2,875 crore for the quarter ended December 31 2013 (Q3). Analysts on an average had expected net profit of Rs 2,681 crore for the quarter.
The consolidated net revenues came in at Rs 13,026 crore, up 0.5% sequentially, the country’s second-largest software services provider said in a statement. Consolidated dollar revenue came in at $2,100 million.
Meanwhile, Infosys has raised the FY14 dollar revenue guidance to 11.5-12% from 9-10% earlier.
Among the other individual stocks, TCS and HCL Technologies are trading at their lifetime high, up 1% each Rs 2,268 and Rs 1,299 respectively.
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